The barite production in Argentina was approximately 5.45 thousand metric tons in 2023. Forecast data from 2024 to 2028 show a steady decline: 5.07 in 2024, 4.67 in 2025, 4.29 in 2026, 3.91 in 2027, and 3.54 in 2028. Year-on-year percentage variations highlight consistent decreases: -7.0% (2024), -7.9% (2025), -8.1% (2026), -8.9% (2027), and -9.5% (2028). The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -8.3% per year on average.
Future trends to watch for include potential technological advancements in barite production, changes in market demand driven by industries such as oil and gas, and possible regulatory changes that could either hinder or stimulate production capacity in Argentina.